Mero Share with all new features in 2023 [Updated]

 

Sometimes, the Mero share dashboard won’t load entirely due to excessive load on the server. This is just a minor issue and you don’t need to worry you can just refresh the page and wait for the dashboard to load fully. (Another issue in Mero share that you must know)

 

After successfully logging into your Mero share dashboard, you will be prompted to change your password. you need to enter a robust alphanumeric character password, including a unique character, for better security. You need to enter your old password and new password along with the confirmation of the new password to change your password in Mero share. the next step is to update your transaction pin.

 

Transaction pins should be 4 digits containing numbers necessary for every purchase and transfer of shares and other stocks in Nepal. Priorly you needed to enter OTP (one-time-password), which the transaction pin for additional security has now replaced.

 

How to change the password of Mero share at any time?

To change the password of Mero share at any time of your convenience, you need to go through the following steps:

 

1. Login to your Mero share dashboard.
2. Click on your profile And then click on the Change password tab.
3. Enter your old password and then your new password twice to confirm it.
4. And then click on change password.

 

Remember, Mero share prompts you to change your password automatically every hundred and eighty days. The password must be at least 4 digits long and a maximum of 16 digits, including lowercase, uppercase letters, and numbers for higher security.

 

How to change the transaction pin of MeroShare?

You can also change your transaction pin at any time in Mero Share. If you need to change your transaction pin then just click on the tab and write to your change password tab. In order to change the transaction pin, you need to enter your old transaction pin, which is 4 digit number. Then enter your new transaction pin and reenter the same pin for confirmation. Click on the “change transaction pin”. That’s it. You have successfully changed your transaction pin.

 

For further assistance, please observe the screenshot below:

What to do when you have forgotten your Mero Share Password?

But what if you forgot your old transaction password and cannot change your old password to the new one? Due to the massive digitalization and too many accounts, we are unable to remember our passwords sometimes. In that case, you need to visit the bank where you have opened your Demat account and request for a password change by filling up the form.

 

Don’t forget to take your BO ID number as you need it to enter into the password change request form. sometimes some banks charge a minimal amount for changing the password. Sooner or later you will find a password reset link in your email. Also, don’t forget to look at your spam folder.

 

If you don’t get the email within one or two days then you need to contact your bank. How are you got the process should not take long. You can also try requesting a password reset by writing an email to meroshare@cdsc.com.np you along with your BO ID log details.

 

How to renew the Mero share account?

To renew your Mero Share account, you can contact the bank where you have created your Demat account. You can renew your MeroShare account with an annual charge of Rs. 50. Fill up the voucher to deposit Rs. 50 and within a few times or a day, you will receive a confirmation of renewal of your Mero Share in your email inbox.

 

You can also renew your MeroShare account from the E-Sewa, Khalti wallet, and other payment gateways. Once your Mero Share account expires, the login dashboard of MeroShare will automatically prompt you to pay for your MeroShare account renewal. This method is usually faster than a bank deposit. However, it is better to renew your Demat account before its expiry for uninterrupted share transactions.

 

MeroShare has the following features along with its dashboard:

1. My Details
2. My Shares
3. My Transaction History
4. My Portfolio
5. My pledge share detail
6. My bank request
7. My ASBA
8. My Purchase Source
9. My Edis

 

With Mero share, you can have the following benefits:

• You can find your details regarding BOID, Name, address, contact number, email address, connected bank account details, and many more. This also acts as your BO statement.
• You can view your shares along with the prices.
• You can observe your portfolio and manage the transaction.
• You can apply for IPO and FPO issues online.
•  You can transfer the scrips online without any hassles.
• You can calculate the WACC (Weighted Average Cost of Capital)

It is a completely troubleless job to purchase shares, mutual funds, debentures, and other issues online using the Mero Share account. You don’t need to stand in a queue at the bank to carry on your transaction. However, sometimes during the first day of the offering, the Mero Share server can’t handle multiple requests simultaneously. Some users might find it irritating when the Mero Share dashboard won’t load properly.

To purchase shares using Mero share, you can go through the following process, step by step:

1. Log in to your Mero Share Dashboard using your DP, Username, and Password.
2. On the menu, the 8th option is My ASBA, which you need to click.
3. You will have four options on the menu: current issue, apply for an issue, application report, and old application report.
4. You can view current or existing issues in the “current issues” tab. Click on the current issues’ details to view the company you want to apply for. Also, please don’t forget to download the prospectus of the company for a detailed analysis and study of the company that has issued its IPO or FPO
5. After you have made up your mind to invest, click the “Apply for Issue” tab.
6. Click the “Apply” button and fill in the details like, “the number of units/ Kitta to apply, Bank account number, and your CRN number before you check the agreement and click the “Submit” button. CRN number is your C-ASBA Registration number which contains numbers and alphabets.
7. After a few seconds, you will be prompted to enter your transaction pin which is of 4 digits number. Enter your pin and hit the “Proceed” button.

 

That’s it, you have successfully applied for the current share issue. Also, remember that you need to remember your CRN number and transaction pin for every purchase of IPO shares using Mero Share. You must repeat the same process for every purchase of stocks and scrips using Merosare in Nepal.

To sell shares in Nepal, you need to have opened a broker account. You can view this article to learn how to open a broker account in Nepal. Once you have a broker account, you need to contact your broker on their contact number. Usually, the broker’s contact number is busy. So, you might need to attempt multiple calls to get the broker. However, you can also visit the broker’”s office in person and request them to place the sell order.

You can also use “TMS (trading management system)” to place the sell order in Nepal. TMS stands for trading management system; this feature allows you to place your buying and selling orders online.

After you have placed your sell order, you need to contact your broker again after some duration to know whether your scrip has been sold or not. You might also want to alter the price. However, when your scrip is sold, you will get a text message on your mobile phone regarding the sale of your scrip and selling rice.

Once your share has been sold, on the very next day you need to go through the transferral procedure. Please follow the steps below to transfer your shares:

1. Go to my purchase source on your MeroShare dashboard and click it.
2. On the scrip text box, select the scrip that you have sold and click on search.
3. When your scrip is listed, click on it and calculate WACC.
4. When you have calculated the WACC, from the menu click “My Purchase Source.”
5. Click on the “Holding Period” option to calculate your holding period.
6. Check on all the scrips you have sold along with the units and then choose the “Calculate” option.
7. After calculating the holding period, Click the “My Edis” option from the menu.
8. You will have three tabs under it: Transfer request report, Transfer shares, No Delivery Trades. Click on “Transfer shares”.
9. Select the scrip you want to transfer and click on “Transfer.”

As easy as that. You must repeat the same process for each of your sold shares for their transferral. You can also calculate the WACC of all the shares one by one and later on transfer the shares at once using Mero Share in Nepal. WACC is calculated to know your cost of capital. Be aware that you may be fined or penalized if you transfer the shares without calculating the WACC.

For detailed information, read the article on how to transfer shares by calculating the holding period in Mero Share.

To view the balance of shares in your beneficiary account, you need to click on the “My Shares” menu. It contains the following six different types of balances for each stock:

• Pledge balance: Pledge balances are the stocks used as collateral out of the total available shares in your account.
• Lockin balance: Lockin balance includes all those shares that are locked in out of your total shares.
• Freeze balance: Shares frozen or blocked for transfer out of the total available shares in your account are freeze balances. Usually, this happens because you have not renewed your Demat account.
• Free balance: Free balances are the shares that are free for sale and transferral and that are not blocked or frozen.
• Current balance: Current balance of shares are those you currently own and can sell freely.
• Demat Pending: Demat pending balances are those shares that you own but are yet to be dematerialized. To know how to Dematerialize your shares, please read this article.

A portfolio contains the list of all your owned shares, along with the prices that have already materialized. The total amount of money you obtain after selling each of your shares is also seen in the bottom summation column in your portfolio section. To view your portfolio in Mero Share, click the “My Portfolio” option on your menu.

 Your portfolio looks like the following:

It includes your scrip, current balance of shares, prices of the previous closing, the total value of shares as of the previous closing, last transaction price (LTP), and the value as per the last transaction price of NEPSE.

You can also download the pdf of the portfolio and other features and even download CSV (comma-separated value) or print the whole page for your reference. You can find this option at Mero share at the top of each section of every feature.

Similarly, you can observe your shares and securities transaction history from the “My transaction history” option on Mero share. You can browse all your transactions, purchase, and sales according to scrip or sorted by date.

If you have set any share or stock in your account as collateral or mortgaged any of your scrips, you need to choose the “Report for pledgor” option under the “Pledge Share Details” menu in Mero Share options. However, if you have not mortgaged any of your stocks, your pledge share dashboard will prompt you “no records found.”

Usually, securities are purchased for the long term. However, they are also purchased for short-term benefits. If you wish to hold your stocks and shares for a more extended period, then you need to specify the bank account details in your beneficiary account so that you can receive the dividend and bonus duly.

Similarly, you can add more bank account details to your beneficiary account so that the amount can be blocked from other banks if your current bank account has insufficient cash. However, you should manually select the bank from which the amount should be blocked during every purchase of IPO shares in Nepal.

The steps that you need to follow to update the bank account details are as listed as follows:

1. Click “My Bank Request” from the menu options on your Mero Share dashboard.
2. Choose your bank account, including the branch, from the available list of banks in the Mero Share options.
3. Select your account type, type in your account number and click on the “Update Bank Details” tab.
4. Wait for the changes to take place.